Case Page

 

Case Status:    DISMISSED    
On or around 02/13/2009 (Notice of voluntarily dismissal)

Filing Date: December 15, 2008

According to a press release dated December 16, 2008, a class - action lawsuit was filed on behalf of individuals and groups that invested capital in Bernard Madoff Investment Securities (BMIS) through Stanley Chais (Chais), or the Brighton Company, one of the many alleged feeder funds by Chais.

Specifically, the lawsuit claims Bernard Madoff and other defendants engaged in a Ponzi scheme, defrauding investors of billions of dollars. The suit alleges defendants fraudulently paid returns to certain investors out of principle received from others. The lawsuit claims the result is $50 billion in liabilities and fraud of unprecedented levels.

HBSS is representing investors and groups that invested capital through Chais or the Brighton Company, one of the many alleged feeder funds that directed investor capital to Bernard Madoff and BMIS. HBSS is representing investors against Chais, Brighton, Madoff and BMIS through this class action while also exploring other remedies for investors.

Chais allegedly managed several investment groups, the monies from which were given to Madoff and BMIS. The lawsuit claims all defendants contributed to the false, misleading, unlawful, unfair and fraudulent acts and practices associated with the Ponzi scheme.

On February 13, 2009, a Notice Of Dismissal Pursuant Rule 41 of the Federal Rules of Civil Procedure was filed with the court.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: Privately Traded
Market Status: Privately Held

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 08-CV-08260
JUDGE: Hon. Stephen V. Wilson
DATE FILED: 12/15/2008
CLASS PERIOD START:
CLASS PERIOD END: 12/12/2008
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Hagens Berman Sobol Shapiro LLP (Berkeley)
    715 Hearst Avenue, Suite 202, Hagens Berman Sobol Shapiro LLP (Berkeley), CA 94710
    510.725.3000 510.725.3000 · info@hbsslaw.com
  2. Hagens Berman Sobol Shapiro LLP (Los Angeles)
    700 South Flower Street - Suite 2940, Hagens Berman Sobol Shapiro LLP (Los Angeles), CA 90017
    213.330.7150 213.330.7152 · info@hagens-berman.com
  3. Hagens Berman Sobol Shapiro LLP (Seattle)
    1301 Fifth Avenue, Suite 2900, Hagens Berman Sobol Shapiro LLP (Seattle), WA 98101
    206-623-7292 206-623-0594 · info@hagens-berman.com
No Document Title Filing Date